Allegiant to raise $250 million from senior unsecured notes

Allegiant Travel Company, parent of Allegiant Air,announced it will offer $250 million aggregate principal amount of senior unsecured notes due 2017 to "qualified institutional buyers," planning to use the proceeds to pay for the purchase and induction costs of the MD-80s and 757s it agreed to purchase earlier this year (ATWOnline, March 9). Remaining proceeds will be used to pay existing debt, and for other potential asset acquisitions, mergers or general corporate purposes, it ...